CEMEX, S.A.B. de C.V. (NYSE:CX) Shares Purchased by Carrhae Capital LLP

Carrhae Capital LLP raised its holdings in CEMEX, S.A.B. de C.V. (NYSE:CX - Free Report) by 18.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,215,050 shares of the construction company's stock after purchasing an additional 350,400 shares during the quarter. CEMEX accounts for about 1.0% of Carrhae Capital LLP's holdings, making the stock its 18th biggest position. Carrhae Capital LLP owned approximately 0.15% of CEMEX worth $12,493,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Walnut Level Capital LLC purchased a new stake in shares of CEMEX during the 4th quarter worth $423,000. Vanguard Group Inc. lifted its stake in shares of CEMEX by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 3,863,502 shares of the construction company's stock valued at $21,790,000 after purchasing an additional 53,269 shares during the period. LPL Financial LLC lifted its stake in shares of CEMEX by 12.8% in the fourth quarter. LPL Financial LLC now owns 190,591 shares of the construction company's stock valued at $1,075,000 after purchasing an additional 21,617 shares during the period. Sei Investments Co. boosted its holdings in CEMEX by 30.5% during the fourth quarter. Sei Investments Co. now owns 2,150,485 shares of the construction company's stock worth $12,129,000 after buying an additional 502,429 shares in the last quarter. Finally, American Century Companies Inc. grew its position in CEMEX by 2.1% during the fourth quarter. American Century Companies Inc. now owns 3,541,787 shares of the construction company's stock worth $19,976,000 after buying an additional 72,724 shares during the period. Institutional investors and hedge funds own 82.97% of the company's stock.

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Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley downgraded shares of CEMEX from an "overweight" rating to an "equal weight" rating in a research report on Wednesday. The Goldman Sachs Group boosted their target price on CEMEX from $8.00 to $9.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Finally, Royal Bank of Canada raised their price target on CEMEX from $5.00 to $6.00 and gave the company an "underperform" rating in a research report on Monday, February 10th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, CEMEX presently has an average rating of "Hold" and a consensus target price of $7.82.

CEMEX Price Performance

NYSE:CX traded down $0.36 during trading hours on Friday, reaching $5.67. 20,251,368 shares of the company traded hands, compared to its average volume of 9,774,344. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.82 and a quick ratio of 0.58. The firm's 50-day moving average is $6.17 and its 200-day moving average is $5.89. The stock has a market cap of $8.21 billion, a P/E ratio of 8.99 and a beta of 1.45. CEMEX, S.A.B. de C.V. has a 1-year low of $5.00 and a 1-year high of $9.27.

CEMEX (NYSE:CX - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The construction company reported $0.16 EPS for the quarter, beating analysts' consensus estimates of $0.10 by $0.06. CEMEX had a return on equity of 7.78% and a net margin of 5.70%. Equities research analysts expect that CEMEX, S.A.B. de C.V. will post 0.69 earnings per share for the current fiscal year.

CEMEX Dividend Announcement

The company also recently disclosed a dividend, which was paid on Tuesday, March 18th. Stockholders of record on Monday, March 10th were given a $0.0207 dividend. The ex-dividend date of this dividend was Monday, March 10th. CEMEX's dividend payout ratio is presently 12.70%.

About CEMEX

CEMEX, SAB. de C.V., together with its subsidiaries, produces, markets, distributes, and sells cement, ready-mix concrete, aggregates, urbanization solutions, and other construction materials and services worldwide. The company offers gray ordinary portland, white portland, oil-well, and blended cement products; mortar; and standard ready-mix, architectural and decorative, rapid-setting, fiber-reinforced, fluid-fill, roller-compacted, self-consolidating, pervious, and antibacterial, and other concrete products.